Dupont Capital Management Corp bought a new stake in shares of Century Aluminum Company (NASDAQ:CENX) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 41,932 shares of the industrial products company’s stock, valued at approximately $695,000.
Other large investors also recently made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in shares of Century Aluminum by 41.9% during the 2nd quarter. Alliancebernstein L.P. now owns 97,900 shares of the industrial products company’s stock valued at $1,525,000 after buying an additional 28,900 shares during the period. Quantbot Technologies LP purchased a new stake in Century Aluminum during the 2nd quarter worth approximately $997,000. Parallax Volatility Advisers L.P. increased its holdings in Century Aluminum by 412.4% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 109,159 shares of the industrial products company’s stock worth $1,701,000 after purchasing an additional 87,857 shares during the last quarter. First Trust Advisors LP purchased a new stake in Century Aluminum during the 2nd quarter worth approximately $2,825,000. Finally, Prudential Financial Inc. increased its holdings in Century Aluminum by 13.6% during the 1st quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after purchasing an additional 11,538 shares during the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.
Several research firms have issued reports on CENX. Macquarie began coverage on Century Aluminum in a report on Thursday, September 7th. They set a “neutral” rating on the stock. BidaskClub upgraded Century Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 18th. Cowen and Company set a $16.00 price objective on Century Aluminum and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.10.
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Shares of Century Aluminum Company (NASDAQ CENX) opened at $14.34 on Friday. Century Aluminum Company has a twelve month low of $8.39 and a twelve month high of $20.68. The company has a current ratio of 2.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.32.
Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. The firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $392.28 million. During the same quarter last year, the firm posted ($0.31) earnings per share. Century Aluminum’s revenue was up 16.5% compared to the same quarter last year. equities research analysts anticipate that Century Aluminum Company will post 0.39 EPS for the current fiscal year.
Century Aluminum Company Profile
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.
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